Question

A materials requisition slip showed that direct materials requested were $66000 and indirect materials requested were $15000.

The entry to record the transfer of materials from the storeroom is
1. Work In Process Inventory 66000
Manufacturing Overhead 15000
2. Raw Materials Inventory 81000
Work In Process Inventory 66000
3. Raw Materials Inventory 66000
Direct Materials 66000
4. Indirect Materials 15000
Work in Process Inventory 81000
5. Manufacturing Overhead 81000
Raw Materials Inventory 81000

Answer 1

Work In Process Inventory $66,000

Manufacturing overhead $15,000

To Raw Materials Inventory $81,000

Step-by-step explanation:

The journal entry is shown below;

Work In Process Inventory $66,000

Manufacturing overhead $15,000

To Raw Materials Inventory $81,000

(Being the transfer of material is recorded)

here the work in process inventory and manfacturing overhead is debited as it increased the assets and expense and credited the raw material inventory as it reduced the assets